QualityStocksNewsBreaks – InnerScope Hearing Technologies Inc. (INND) Announces Completion of Hearing Assist Acquisition
InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, has finalized its previously announced acquisition of Hearing Assist II LLC. An established leader in the direct-to-consumer hearing aid market, Hearing Assist reports more than 500,000 hearing aids sold and top-line revenues of more than $72 million since 2018; the company is Walmart’s largest hearing aid supplier. According to the agreement, the acquisition transaction included a total of $10 million equivalent of InnerScope’s restricted shares of common stock subject to a 24-month leak-out agreement. Under the agreement, HearingAssist will continue to operate under Hearing…